India Facility Management Market is Expected to Exhibit a CAGR of 12.97% during 2022-2027

SHERIDAN, UNITED STATES, November 15, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled “India Facility Management Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the India facility management market is expected to exhibit a CAGR of 12.97% during 2022-2027.

Facility management (FM) represents the tools and services used to ensure the safety, comfort, functionality, sustainability, etc., of buildings, infrastructure, real estate, etc. It involves maintenance and operations, occupancy and space management, energy management, emergency management and business continuity, lease administration and accounting, etc. FM services depend on Wi-Fi, meters, gauges, smart devices, Internet of Things (IoT) sensors, artificial intelligence (AI), etc., to provide productive and cost-efficient environments, deliver cognitive capabilities, achieve real-time visibility, etc. Owing to this, they find extensive applications in the commercial and residential sectors.

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The rising number of urban development projects, coupled with the shifting consumer preferences towards clean, safe, and secure environments are resulting in the expansion of the real estate sector, thereby fueling the India facility management market. Moreover, the expanding information technology (IT) and e-commerce sectors are further elevating the demand for requisite infrastructures and organized spaces, which is further catalyzing the market growth. Additionally, the increasing utilization of AI and IoT technologies to automate FM services for energy efficiency audits is also augmenting the Indian market. Furthermore, the introduction of various favorable policies by government bodies, such as the Smart Cities Mission to promote sustainable and inclusive cities, is stimulating the market growth. Besides this, the post-pandemic return-to-the-workplace strategies and the emphasis on hybrid workspaces are anticipated to drive the India facilities management market over the forecasted period.  

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Key Highlights of the Market Segmentation:

Based On Solution:

Integrated Workplace Management System
Facility Operations and Security Management
Building Information Modeling
Facility Property Management
Facility Environment Management

Based On Service:

Deployment and Integration
Auditing and Quality Assessment
Support and Maintenance
Consulting
Service Level Agreement Management

Based On Deployment Type:

On-premises
Cloud-based

Based On Organization Size:

Small and Medium Size Enterprises
Large Enterprises

Based On Vertical:

Banking, Financial Services and Insurance
IT and Telecom
Government and Public Administration
Healthcare
Education
Retail
Energy and Utilities
Others

Based On Region:

North India
West and Central India
South India
East India

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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